While the UK Government already includes biodiversity risk in its policy appraisals, the scale of the loss of biodiversity and its potential economic impact is the subject of a recent review. The Dasgupta review concluded that our current models of economic growth are unsustainable and a new measure of progress that integrates nature is required.
“The Green Book guidance: embedding natural capital into public policy appraisal”, Natural Capital Committee
This document reflects on the implementation of Green Book guidance regarding the incorporation of natural capital, ecosystem services and the value of associated goods and services into government policy appraisal. Download the guidance on GOV.UK.
The Economics of Biodiversity: The Dasgupta Review
The Dasgupta Review is an independent, global review on the Economics of Biodiversity led by Professor Sir Partha Dasgupta (Frank Ramsey Professor Emeritus, University of Cambridge). The Review was commissioned in 2019 by HM Treasury and has been supported by an Advisory Panel drawn from public policy, science, economics, finance and business. Download the review on GOV.UK.
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Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s Climate Change Guidance Consultation, which is seeking views on new guidance designed to help trustees meet tougher standards of governance in relation to climate change ri
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.